The Ripple Effect of Ripple – When is a Cryptocurrency a Security?

In a landmark crypto-currency litigation case pending before the US District Court in the Southern District of New York, the Securities and Exchange Commission (“SEC”) brought an action against Ripple Labs, Inc. and its officers (“Ripple”). The crux of the SEC’s complaint is that Ripple sold unregistered securities – XRP – a virtual currency designed […]

Read more

The Indian Biological Diversity Act: A Review of The Amendment Bill 2021

Publication: FICPI Author(s): Shivakumar R, Sridhar R ,Dr Deepa Kachroo Tiku It is important for countries lik e India, with diverse biological resources, to have regulations on access and use of biological resources. At the same time, the applicability of these regulations becomes equally important. The “Biological Diversity Act” [henceforth referred to as “Act”] enacted in 2002, […]

Read more

FTC Modernizes Its “.com Disclosures”

Did you know that over the last five years, there has been a massive entry of consumers and businesses into the digital marketing space? However, this increase in number comes with its fair share of vulnerable consumers. For years, the FTC has been integral in shielding Americans from unsafe business practices. This has been possible […]

Read more

Things to keep in mind in about joint venture agreements

Based on our experience with negotiations to conclude joint venture agreements to establish new companies (joint ventures, or JVs), we will explain the most important provisions in JV agreements, and provisions that are important but to which surprisingly little attention is paid, as follows. 1.Share (equity) ratio If Japanese law is the governing law for […]

Read more

Who are the parties?

Who are the parties to a contract or litigation? This is the first issue to consider when asked to help with legal matters. We tend to think it’s obvious—that all one has to do is look at the contract to see who the parties are—but in our experience this is often a problem. Be especially […]

Read more

Product liability regulations

In contracts between companies relating to products such as manufactured goods (continuous sales contracts, manufacturing consignment contracts and OEM contracts), there are often provisions regarding the distribution of liability (including the exemption and reduction of liability) between the contracting parties when product liability for the product is called into question by a third party. Such […]

Read more

Are Works Created by Artificial Intelligence Eligible for Protection?

Abstract: With the advancement of technology, artificial intelligence has gone from being a productivity tool to being a generator of creative works that could be subject to legal protection through copyright. INTRODUCTION Thanks to science fiction movies, when we think of artificial intelligence (AI), we think of robots seeking to dominate the world and humanity. […]

Read more

Trademarks and the Metaverse

The metaverse has been a game changer in the field of commerce. Perhaps one of its most significant benefits is its ability to provide brands with endless possibilities to create new experiences and virtual products. But, have you ever wondered why every company is thinking of how to operate in the Metaverse? The Metaverse could […]

Read more

FDA Issues NDA and BLA Recommendations Warranting RTOR

FDA issues guidance and recommendations for New Drug Applications (NDA) and Biologic Laboratory Applications (BLA) which implicate oncology therapies and warrant Real time Oncology Review (RTOR). On July 25, 2022, the FDA, by and through the Oncology Center for Excellent (OCE), the Center for Biologics Evaluation and Research (CBER) and Center for Drug Evaluation and […]

Read more

FDA Provides GUDID Submission Requirements Guidance

FDA guidance regarding consumer health products and the enforcement of Global Unique Device Identification Database submission requirements. In its July 25, 2022, guidance document – The FDA (by and through the Center for Biologics Evaluation and Research and Center for Devices and Radiological Health) announced that it will not enforce Global Unique Device Identification Database […]

Read more